Menu
Data breaches in Australia more common that what is disclosed: Clearswift

Data breaches in Australia more common that what is disclosed: Clearswift

Security vendor views every company regardless of size as a potential target for attack.

Data breaches in Australia remain more common that what is disclosed despite recent privacy law reform, according to Clearswift.

Market strategy head, Kevin Bailey, said data breaches are prevalent in every country around the world, and Australia is not exempt from the trend.

“There’s the old adage, if you have not been attacked yet then someone has not yet figured out the value of the information you have,” he said.

“When they do, you could find yourself under the spotlight.”

In most cases, Bailey said data breaches are only notified under the Privacy Act of Data Breach Notification.

Beyond the hack of a system, data leaks can occur when people through naivety exchange information to different departments or outside the company.

“A growing number of organisations are now becoming aware of that insider threat,” Bailey said.

However, there are still cases where organisations do not know they have been hacked until the information that has been removed becomes public, such as on being published on a name list.

“While some may say it is not critical information such as credit cards, it is personally identifiable information that can be later used in a malicious way,” Bailey said.

Everyone’s a target

The recent JP Morgan, Australian Federal Police, and iCloud celebrity photo leaks seem to indicate data, no matter how big or small, can be of use to someone.

An individual may say they do not care about the information of other people, though Bailey said they often value their own.

“Some research has shown personally identifiable information data of an individual is worth $1.50, but a hack into an organisation costs approximately $3.5 million per incident,” he said.

If customer data is compromised, the pitfall is that a customer may never do business with the affected company ever again.

“It comes down to recognising data is key to you, and regardless of the size of the organisation, your reputation will take a hit when it is breached,” Bailey said.

Patrick Budmar covers consumer and enterprise technology breaking news for IDG Communications. Follow Patrick on Twitter at @patrick_budmar.

Subscribe here for up-to-date channel news

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags securitydata breachclearswiftdata protectionmalware

Featured

Slideshows

​Reseller News Connect – Securing your future as an MSP

​Reseller News Connect – Securing your future as an MSP

This Reseller News Connect event uncovered the threat landscape in a Kiwi context, highlighting how MSPs can securely manage IT environments, while implementing business continuity solutions to avoid unexpected disasters.

​Reseller News Connect – Securing your future as an MSP
StorageCraft celebrates high achievers at its inaugural A/NZ Partner Awards

StorageCraft celebrates high achievers at its inaugural A/NZ Partner Awards

Revealed at a glitzy bash in Sydney at the Ivy Penthouse, the first StorageCraft Partner Awards locally saw the vendor honour its top-performing partners with ASI Solutions, SMBiT Pro, Webroot, ACA Pacific and Soft Solutions New Zealand taking home the top awards. Photos by Maria Stefina.

StorageCraft celebrates high achievers at its inaugural A/NZ Partner Awards
Show Comments